REI Lense

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$4,050 (target)

2613 W Cascade Dr, Sherman, TX 75092

3 beds • 4 baths • 3984 sqft

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This property looks like a bad Mid-Term investment with a projected -8.93% first-year return on $112k initial cash invested.

-8.93%

Cash On Cash

4.35%

Cap Rate

0.71

DSCR

$4,050

Rent

-$836

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,050 income − $4,886 expenses = $836 out of pocket

Income$4,050Out of Pocket$836Mortgage P&I$2,30257%Property Taxes$1,04926%Insurance$1574%Management$48612%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,050

Total Expenses

$4,886

Mortgage P&I

57%

$2,302

Property Taxes

26%

$1,049

Home Insurance

4%

$157

HOA

0%

$0

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

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